October 14, 2024 at 09:05PM Southeast Asia faces a growing shadow economy driven by cyber-enabled fraud and organized crime, generating $27-$37 billion annually. Criminal syndicates exploit lax laws and geopolitical tensions, advancing money laundering and human trafficking. Despite law enforcement efforts, innovation in cybercrime outpaces government response, posing significant economic and human rights challenges. ### … Read more
October 4, 2024 at 03:02PM Russian law enforcement detained nearly 100 suspects connected to the Cryptex cryptocurrency exchange, UAPS anonymous payment service, and other platforms for illegal payments and stolen credentials. The individuals were arrested for organizing criminal activities, illegal payment processing, and banking activities. They made over $1.1 billion in 2023 and were linked … Read more
September 29, 2024 at 09:30PM Cryptocurrency exchange Binance assisted Indian authorities in investigating a scam gaming app. The alleged perpetrators operated accounts on Binance, which helped Indian authorities trace the app’s involvement in a cross-border criminal network. Separately, SpaceX expressed interest in investing $1.5 billion in Vietnam, while Singapore launched submarines to defend its waters … Read more
September 27, 2024 at 02:01PM The U.S. Department of Justice has charged two Russian nationals, Sergey Ivanov and Timur Shakhmametov, for money laundering and cybercrimes, including operating carding markets and cryptocurrency exchanges involving billions of dollars. Authorities also targeted Cryptex and seized servers hosting PM2BTC, leading to rewards for information on the individuals’ whereabouts. Additionally, … Read more
September 27, 2024 at 08:45AM The US government has offered rewards of up to $10 million for information leading to the arrest of two Russian nationals involved in operating and laundering proceeds from carding websites. Joker’s Stash, a marketplace for stolen payment card data, is estimated to have generated illegal profits in the range of … Read more
September 27, 2024 at 04:42AM The U.S. government sanctioned cryptocurrency exchanges Cryptex and PM2BTC and unsealed an indictment against a Russian national for money laundering services to cybercriminals. The action, part of Operation Endgame, led to the seizure of €7 million ($7.8 million) worth of cryptocurrency. Rewards were announced for information leading to the arrests … Read more
September 26, 2024 at 11:52AM The U.S. Treasury Department sanctioned Cryptex and PM2BTC, accusing them of laundering funds for Russian ransomware groups and cybercrime. The exchanges allegedly facilitated transactions for threat actors and failed to maintain anti-money laundering measures. These actions are part of a broader international effort to disrupt Russian cybercrime networks. U.S. citizens … Read more
September 20, 2024 at 01:34PM Malone Lam, 20, and Jeandiel Serrano, 21, are facing serious charges for allegedly stealing over $230 million in cryptocurrency. The pair is accused of carrying out a scam, using the stolen funds to buy luxury items and travel services. The case, handled by the US Attorney’s Office, FBI, and IRS, … Read more
September 19, 2024 at 12:00PM German law enforcement seized 47 cryptocurrency exchanges in the country for facilitating illegal money laundering for cybercriminals, creating a low-risk environment for criminal transactions. The “Final Exchange” portal now redirects visitors to a warning page, revealing that extensive user and transaction data have been secured for future investigations. The operators … Read more
September 18, 2024 at 05:08PM Law enforcement from nine countries, including Europol, successfully dismantled the encrypted communications platform “Ghost,” disrupting organized crime activities such as drug trafficking and money laundering. Based on the meeting notes, it seems that Europol and law enforcement from nine countries collaborated to dismantle an encrypted communications platform named “Ghost.” This … Read more